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Aleonysh [2.5K]
3 years ago
5

Given that the DM price of the ECU was 2.0583 and the DG price of the ECU was 2.3194. Then the DG price of the DM by cross rates

is given by:______
a. DM = about 4.73 DG.
b. DM = about .26 DG.
c. DM = about 1.13 DG.odno
d. DM = about .89 DG.
Business
1 answer:
pav-90 [236]3 years ago
7 0

Answer:

Option c (DM = about 1.13 DG) is the right approach.

Explanation:

Given:

DM price,

= 2.0583

DG price,

= 2.3194

Now,

By cross rates, the DG price of DM will be:

= \frac{2.3194}{2.0583}

= 1.13

Thus the above is the correct option.

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